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Oct 1, 2012
10/12
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>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
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Oct 3, 2012
10/12
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FOXNEWS
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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deficit wise taxes deficit. exchange exchange exchange but let's talk about the third party candidates i mean when they're excluded from these debates i mean we have this commission that funds the presidential you know that they're funded and part by the coal industry i mean how does that influence its head again as allegory for how the corporate media in this country works i mean theoretically a long time ago was the league of women voters you know the quintessential old and good old days right old line and obviously we're going to do is like people's moms . now it's the it's just a commission on presidential debates that's ridiculous and that is also allegory for how corporate media has soaked in you know all this influence from many sides i mean to be fair from from the progressive side a lot of other organizations trying to tug at that but i mean really it's money and it's moneyed interests and you see it played out here i mean you know if obama wanted to make a difference you could talk about firing eric ho
deficit wise taxes deficit. exchange exchange exchange but let's talk about the third party candidates i mean when they're excluded from these debates i mean we have this commission that funds the presidential you know that they're funded and part by the coal industry i mean how does that influence its head again as allegory for how the corporate media in this country works i mean theoretically a long time ago was the league of women voters you know the quintessential old and good old days...
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this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in fact they also have analysts that are far below the consensus. the smart estimate is 10 cents below the consensus estimate. that says the best analysts and latest --. david: so people aren't confused out there. you see green arrows and plus signs. sri is saying no, this will disappoint. even though up today a big disappointment in earnings. >> over last two years they have been spending a lot on cap-ex. they have been expanding capacity. iron ore from china is way down. that will affect iron ore prices that has been brought down 60%. liz: you're starting to see china put in
this year the tax is in place. airlines aren't going to see that. david: okay. >> so we'll see jetblue miss. we have two bold estimates on the negative side. these are the best rated analysts that are below the estimate. david: we have to do this quickly because we're running out of time. final loser, the final one that will disappoint on expectations natural resources company called cliffs. they actually had a 6% bump their stock, so you're going against the trend? >> we are. in...
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you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction there is, abolish them all and that adds up to $5 trillion. >> no, i don't agree with you on that. the tax policy center you're referring to is incomplete and they've revised it since then. >> i'm not just referring to that analysis. >> governor romney did talk about how he would eliminate some deductions. he would have a bucket that he would fill up. >> what was he saying was in that bucket? let's make up a number. here is what the number is. >> he said it could be $50,000, if you capped deductions at $50,000, you're not even in the ballpark of $5 trillion. >> it was not a specific what are the actual loop holes. i think that wa
you specifically said you would cut this tax, this tax, this tax. >> a lot of promises. >> that add up to 5 trillion. how will you pay for that? i think that will linger a bit. >> if somebody asks him specifically what loop holes and deductions are you proposing to do away with? the president hasn't asked that question. no one has asked him that question. >> chris wallace has, actually. paul ryan. >> the bigger issue is that you can take every single deduction...
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Oct 5, 2012
10/12
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MSNBC
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the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer stay on their parents' coverage through age 26, it means that we can go back to a system of denying coverage for preexisting conditions, it means that seniors again are back on to co-pays larger co-pays as it relates to prescription drugs, and on dodd/frank, he's been saying he wants to repeal dodd/frank, andrea, every day for the last 18 months, repeal every aspect of it. dodd/frank of course is the bill that reregulated the financial system after the credit market collapsed, the catastrophic collapse of 2008. so does anybody really wan
the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer...
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Sep 30, 2012
09/12
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WJLA
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reduce taxes on the e rich. romney has protested that that true, that he wants to the rich buttes on theitted to reform that share paid in taxes by the rich not change. he says that in intnterviews but never spell that out in way that would d get attention. meme is that t he wants to cut taxes on the rich, but the not, andthahat he would never stood up and w way that would have to command respononse and attention. >> there actually is a way, and not too late, because it is a simple message. true tax reform has the effec rates forg tax everybody, but all these special willest groups, everybody precious special loopholes, deductions. side, against the groups in wawashington. if h he proposes that, that is a .rue thing and that could work i don't thk he is going to do it. >> not to rob the obama people of credit for their advertising campaign. but the ones have been self- inflicted. get $10,000, r rick perry?" ann drives if you cadillalac's." "i like to fire people." these were all voluntarily romney.by mitt >> and
reduce taxes on the e rich. romney has protested that that true, that he wants to the rich buttes on theitted to reform that share paid in taxes by the rich not change. he says that in intnterviews but never spell that out in way that would d get attention. meme is that t he wants to cut taxes on the rich, but the not, andthahat he would never stood up and w way that would have to command respononse and attention. >> there actually is a way, and not too late, because it is a simple...
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Oct 4, 2012
10/12
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MSNBC
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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Sep 30, 2012
09/12
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KRCB
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true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple of cadillacs. we're building a car elevator in our home. i like to fire people these were all voluntarily offered by mitt romney. >> and he has taken responsibility for that. >> the reason he does not lay out what you say is, among other things, there are studies that disputed, and people will say, you are going to take away mortgage tax deductions? suddenly everybody is up in arms. >> not necessarily true. you can say th anybody over a certain amount can only deduct up to 2% of income -- >> now you are into the weeds. >> it is not the week, it is the facts. >> that's get into the weeds. >> are you makin
true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple...
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Oct 5, 2012
10/12
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MSNBC
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level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing yourself on the pledges that romney has made to reduce tax rates across the board by 20% eliminating the alternative minimum tax and erasing the federal estate tax is to eliminate deductions that will inevitably touch the middle class. the romney folks say the obama campaign and tax policy center created a strawman. the problem is the romney campaign hasn't created their own and responded with any detail on how they would do it. it becomes impossible at least politically once you account for the pledge handcuffs that romney has made. while the president didn't fully acknowledge he cam
level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing...
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Oct 5, 2012
10/12
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FOXNEWS
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he wants to raise taxes as vice president biden blurted out they want to raise taxes by a trillion dollars more like 2 trillion by our calculations. he is laying out the same policies he has been talking about for the last four years. >>> scary story. an outbreak of a rare and deadly form of me think gmeningitis. >> it is scary. the death tole reaching 35. the cdc.gov says that number could go even higher. cases of fungal meningitis in 6 states indiana, virginia, maryland, north carolina and florida. a steroid commonly used for back pain has been linked to this outbreak. federal health officials are trying to contact thousands of people who received the steroid in the past three months. >> they are working with state and health department. they recalled loss of medication. they may have been exposed to find out if they are having symptoms and to instruct them to seek healthcare should they be ill. so it's possible we might identify other cases in the coming days. some things include chills, fever and nausea. >> to have a shot six days later you are fighting for your life and you lose your
he wants to raise taxes as vice president biden blurted out they want to raise taxes by a trillion dollars more like 2 trillion by our calculations. he is laying out the same policies he has been talking about for the last four years. >>> scary story. an outbreak of a rare and deadly form of me think gmeningitis. >> it is scary. the death tole reaching 35. the cdc.gov says that number could go even higher. cases of fungal meningitis in 6 states indiana, virginia, maryland, north...
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. >> how they can justify raising taxes on the middle-class has been varied the last four years. >> reporter: it didn't take long for paul ryan to pounce on that comment. >> vice president biden just today said that the middle-class, over the last four years has been, quote, buried. we agree. that means, we need to stop digging by electing mitt romney. >> reporter: the latest abc news/"washington post" poll shows the race for president is still very close, which means every word and gesture tonight could impact the election. brandi hitt, abc news, denver. >> thanks to brandi hitt. abc's coverage of tonight's debate begins at 9:00 eastern, 6:00 pacific. >>> now, we turn to the trouble at american airlines. and actually progress on two fronts this morning. there is new movement in the bitter labor dispute between the airline and its pilots union. and also, the mystery of the seats that came loose during three, separate flights may have been solved. abc's tahman bradley is tracking all of the developments. good morning, tahman. that safety issue with those loose seats. what are we hearing now?
. >> how they can justify raising taxes on the middle-class has been varied the last four years. >> reporter: it didn't take long for paul ryan to pounce on that comment. >> vice president biden just today said that the middle-class, over the last four years has been, quote, buried. we agree. that means, we need to stop digging by electing mitt romney. >> reporter: the latest abc news/"washington post" poll shows the race for president is still very close,...
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Oct 6, 2012
10/12
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MSNBCW
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about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >> you know, that may very well be. i mean, the thing that, although that is so insulting is, think about it. just the clip you just played, the night that came out, the next day where did he go? fox news. with neil cavuto. again, he really stood by those comments. he said, well, i could have said them a little better but i really stand by the message. for the last two weeks he has been saying i stand by this message that those people, you know, that language, even in his ads he talks about those people, that they wouldn't be attracted to his message of lower taxes? i me
about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >>...
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Oct 4, 2012
10/12
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KRCB
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behin bowles-simpson, get the rate down, lower deductions and exemptions to create more jobs because there's nothing better getting us to a balanced budget than having more people working, earning more money, paying more taxes, that's by far the most effective and efficient way to get this budget balanced. >> jim you may want to move on to another topic but i would like to say this to the american people, if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillio just to give you a sense over 10 years, that's more than our entire defense budget, a
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behin bowles-simpson, get...
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Sep 30, 2012
09/12
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CNNW
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cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're defending look like they could go to republicans. what's wrong here at the state level because the republicans look like they're maintaining and could pick up some of the governorships currently held by democrats. what's going on? >> well, actually we're being greatly outspent in virtually every state, and we are defending 11 states. some of them not in the friendliest of terrains for president obama, but as we saw last year in kentucky, a state that where the president did not prevail, our candidate was all about jobs, all about bringing people together t
cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're...
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Oct 4, 2012
10/12
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CSPAN
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he said he calculates how much they pay in taxes. state income tax, state sales tax, gasoline tax. it added up to well over 50% of what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower the deductions and exemptions. the same idea behind simpson, by the way. lower the deductions and exemptions to create more jobs, because there is nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective way to get this budget balanced. >> you may want to move on to another topic, but i would say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense, that's more than our entire defense budget, and you think that by closing loopholes an
he said he calculates how much they pay in taxes. state income tax, state sales tax, gasoline tax. it added up to well over 50% of what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower the deductions and exemptions. the same idea behind simpson, by the way. lower the...
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Sep 30, 2012
09/12
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WJLA
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now, governor romney believes that with even bigger... tax cuts for the wealthy, and fewer regulations... on wall street, all of us will prosper. in other words, he'd double down on the same trickle-down... policies that led to the crisis in the first place. so what's my plan? first, we create a million new manufacturing jobs... and help businesses double their exports... give tax breaks to companies that... invest in america, not that ship jobs overseas. second, we cut our oil imports in half and produce more... american-made energy. oil, clean coal, natural gas... and new resources like wind, solar, and biofuels. all while doubling the fuel efficiency of carsrs and trucks. third, we ensure that we mainintain the best workforce... inin the world by preparing a hundred thousand additional... math and science teachers; training two million... americans with the job skills they need at our community... colleges; cutting the growth of tuition in half and... expanding student aid so more americans can afford it. fourth, a balanced plan to reduce our deficit by... four trillion dollars over
now, governor romney believes that with even bigger... tax cuts for the wealthy, and fewer regulations... on wall street, all of us will prosper. in other words, he'd double down on the same trickle-down... policies that led to the crisis in the first place. so what's my plan? first, we create a million new manufacturing jobs... and help businesses double their exports... give tax breaks to companies that... invest in america, not that ship jobs overseas. second, we cut our oil imports in half...
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Oct 4, 2012
10/12
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CSPAN
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another issue that came up -- taxes. last night, president obama made it clear he is going to raise taxes. today, vice president joe biden made it even more clear. in i what he said, he asked himself a question and he asked if he and president obama wants a trillion dollar tax hike. his response to himself was yes, we do. that is a direct quote. virginia, no, we do not mitt romney will talk about this in a minute. what we do not needs is a
another issue that came up -- taxes. last night, president obama made it clear he is going to raise taxes. today, vice president joe biden made it even more clear. in i what he said, he asked himself a question and he asked if he and president obama wants a trillion dollar tax hike. his response to himself was yes, we do. that is a direct quote. virginia, no, we do not mitt romney will talk about this in a minute. what we do not needs is a